Understand how fix and flip loans are structured

Learn how LTC, ARV, and leverage work together to determine loan size and borrower equity requirements.

Learn how lenders evaluate borrower and execution risk

Understand how experience, liquidity, and project assumptions drive underwriting decisions and loan terms.

Follow the full lifecycle from acquisition to exit

See how deals move through construction, draw schedules, and exit strategies so you can better manage transactions.

A practical introduction to how fix and flip loans are structured, underwritten, and executed from acquisition through exit.

Fix and flip lending is one of the most execution-driven segments of commercial real estate finance. While many focus on potential profit, lenders focus on risk, structure, and the ability to complete the project successfully. Understanding how these deals are evaluated is critical to structuring transactions that actually get approved and perform. This course provides a practical introduction to fix and flip lending from a lender and underwriting perspective. You’ll learn how deals are structured using LTC and ARV, how borrower experience and liquidity impact terms, and how construction, draw schedules, and exit strategies are managed. The goal is to give you a clear framework so you can evaluate opportunities, set realistic expectations, and guide transactions from acquisition through exit.

Academy For Commercial Lending

I’m Michael Boggiano, and I’ve spent more than 25 years originating and structuring commercial real estate and business-purpose loans across multiple market cycles. My experience comes from working directly on transactions and understanding how lenders evaluate risk, structure deals, and bring them to closing. Early in my career, one of the biggest challenges was the lack of practical guidance on how these deals actually work. Through the Academy for Commercial Lending, my goal is to simplify these concepts into clear, usable insight so you can evaluate deals more effectively and approach commercial lending with a stronger foundation.

Curriculum

8 Chapters · 15 Lessons

  1. 1

    Chapter 1: Introduction to Fix & Flip Lending

    1. (Included in full purchase)

      Lesson 1: How Fix & Flip Financing Works and Where Risk Lives

    2. (Included in full purchase)

      Chapter 1 - Quiz

  2. 2

    Chapter 2: Borrower and Sponsor Evaluation

    1. (Included in full purchase)

      Lesson 1: How Experience and Liquidity Drive Loan Terms

    2. (Included in full purchase)

      Chapter 2 - Quiz

  3. 3

    Chapter 3: Deal Structure, LTC, ARV, and Leverage

    1. (Included in full purchase)

      Lesson 1: How Fix & Flip Loans Are Structured and Sized

    2. (Included in full purchase)

      Chapter 3 - Quiz

  4. 4

    Chapter 4: Construction, Draws, and Execution Risk

    1. (Included in full purchase)

      Lesson 1: How Projects Are Managed and Funded During Renovation

    2. (Included in full purchase)

      Chapter 4 - Quiz

  5. 5

    Chapter 5: Exit Strategy, Risk Management, and Broker Role

    1. (Included in full purchase)

      Lesson 1: How Successful Fix & Flip Deals Are Completed and Exited

    2. (Included in full purchase)

      Chapter 5 - Quiz

  6. 6

    Hand Outs

    1. (Included in full purchase)

      Fix & Flip Deal Structuring Checklist

    2. (Included in full purchase)

      Fix & Flip Deal Pre-Screen Tool

    3. (Included in full purchase)

      Fix & Flip Underwriting Snapshot

  7. 7

    Final Exam

    1. (Included in full purchase)

      Final Exam

  8. 8

    Conclusion

    1. (Included in full purchase)

      Fix & Flip Lending Fundamentals - Conclusion

What Mortgage Professionals Are Saying

See how professionals are improving how they evaluate, structure, and manage fix and flip transactions.

”
“This course helped me understand how lenders really look at fix and flip deals. I now approach these transactions with a much clearer framework.”
Blake

Investor - Charlotte, NC

”
Very practical and easy to apply. It clarified how leverage, risk, and execution all come together in these deals.”
Carol

Loan Processor, Fort Lauderdale, FL

”
A strong introduction to fix and flip lending from a lender’s perspective. It changed how I evaluate deals and set expectations with clients.”
Jessica 

Residential Mortgage Broker - San Jose, CA

Build a stronger understanding of fix and flip lending

This course gives you a practical understanding of how fix and flip transactions are structured and executed. Start the course and begin approaching these deals with greater clarity and confidence.

Enroll for free